MF holding %

21.31

Institutional holding %

28.28

PNC Infratech Ltd. share price forecast

The 15 reports from 7 analysts offering long term price targets
for PNC Infratech Ltd. have an average target of 206.29. The consensus estimate
represents an upside of 14.92%
from the last price of 179.50.

Order book remains robust at Rs12,478cr which is 4.5x TTM revenue, provides improved visibility. We expect revenue to grow at a CAGR of 30% over FY18-21E as PNC achieved financial closure for 7 HAM projects and execution of four project is progressing well....

PNC's orderbook was at a strong | 7965 crore, providing strong visibility over the next two to three years. The company received financial closure for all its HAM projects, out of which, four are currently under execution as the appointed date was received for these projects. The remaining three HAM projects will commence construction work once the appointed date is received. These three projects (total bid project cost: | 4513 crore) have not yet been included in the orderbook. Also, the Nagpur-Mumbai HAM project (negotiated contract quoted price: | 1999.5 crore) has not...

PNC Infratech

Kotak Securities

PNC has robust order book of Rs 149 bn (including HAM projects & new EPC projects of Rs 87.5 bn) which is over 8x its FY18 revenue, gives strong revenue growth visibility for the next 3-4 years. Further, the company is targeting to add another Rs 30-40 bn of new orders in H2Y19 from new expressways. PNC has guided for over 50% yoy growth in FY19E and 35% yoy growth in...

PNCL reported standalone revenues of Rs5.6bn, up 108% yoy. Revenues were lower than our estimates, but only marginally, supported by strong execution in its key projects. Reported PAT increased 110.8% yoy to Rs351mn, lower than our and Street estimates, on higher execution, offset by higher interest costs and tax rate. Encouraged by the strong order book and 1HFY19 performance, PNCL has raised its...

PNC Infratech Ltd (PNC) is an Infrastructure construction, development and management company; expertise in execution of projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines. Q1FY19 revenue grew significantly by 106% YoY due to ramp up in execution of big ticket orders. Order book remains robust at Rs11,130cr which is 5x TTM revenue and provides improved visibility....

We maintain BUY with SOTP based TP of Rs 322/sh. PNCL delivered robust 1QFY19 revenues of Rs 7.1bn with APAT beat of 9.7%. The run-rate translates to Rs 28bn revenue for FY19E. Currently execution is going on Rs 66.2bn backlog and with Rs 84bn of new orders moving into execution from Oct-18E, PNCL is well poised to surprise street positively.

PNC Infratech

Geojit BNP Paribas

PNC Infratech Ltd (PNC) is an Infrastructure construction, development and management company; expertise in execution of projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines. Q4FY18 revenue grew significantly by 116% YoY due to ramp up in execution as big ticket orders moved to execution stage. Order book remains robust at Rs9,477cr which is 5.1x FY18 revenue and provides improved visibility....

PNC reported significant revenue growth of 118.8% YoY to | 758.9 crore (our expectation: | 662.0 crore) led by strong execution as it received appointed dates for several of its big ticket projects EBITDA margins expanded robustly by 770 bps YoY to 21.2% due to receipt of bonus (| 58 crore) for early completion of Agra Lucknow and price variation of projects (| 6.5 crore). Adjusting for this, EBITDA margin was 13.6%, in line with our estimate of 13.5% PAT grew robustly by 230.9% YoY to | 111.5 crore (our estimate:...

PNC Infratech

Dolat Capital

PNC Infra, primarily into road EPC and HAM shall behold spike in growth in revenue from Q4FY18E as appointed date for all projects (except ChakeriAllahabad HAM project) will be in place by Mar'18. Albeit, the revenue got impacted in FY17 (down 16.1%) and 9MFY18 (down 18%) with a delay in appointed date for many projects won in FY16 and FY17 which now is not a hindrance. The company will continue to focus on road sector and expect fresh order inflow of `50bn/ `80-100bn in Mar'18/ FY19, respectively given...